Have you contacted the city/county to make sure you can subdivide and that improvements can be tapped and roads accessed?

Flipping you would need all the above and probably have to open a line of credit for improvements.

On the other hand, if you are ok with waiting the area will more than likely improve over time, and combined with the cheap prices and outrageously low taxes (just skip grocery shopping for a week) and your holding costs for the year will be next to nothing.If you have any more questions please reach out.Dan Powers - Real Estate Agent

We're always looking to improve neighborhoods and help families in transition.

So out of pure embarrassment I started to learn what it meant to run a real estate business.These thing are the best things I learned. 1) I'm doing this to improve my life and the lives of others2) These people are my clients not my family or my friends3) If I don't quit loosing money get out and leave it to others.4) This is way too easy to be hard.My first situation was rent collection. driving hours every month to collect rent, sometime 2 and 3 times just to find no one home.

Securing these leases can dramatically improve the value of your property for decades if done right!

The whole inventory issue is not a result of any 1 or 2 issues, it's a culmination of the "Perfect Storm" of factors all cooking together to not only make an inventory shortage, but an enduring inventory shortage that currently we are looking at about a decade out to achieve parity (supply meeting demand) and that hinges on some "if" factors itself, namely skilled labor supply improving greatly. 

If you don't have that you probably don't have title and any improvements you make may be as a volunteer and belong to the true owner whoever that is. 

Best to do a Purchase plus improvement mortgage on your next home.  

Scope Of Work included:Replace all water service linesSub metered electricReplaced all windowsRepaired roofRepaired rotten wood and sheetrockFull paint inside and outsideNew HVAC systemsFull rehab of each unit, new cabinets, granite tops, appliances, tubs and tiled surrounds, flooring, texture etcAdded small laundry room in rear of building with 2 sets of washer/driers Improved exterior lightingTrimmed one tree and removed 2 large treesNew Landscape sod, small trees and shrubs What made you interested in investing in this type of deal?